According to Arkham (@arkham), Bhutan recently transferred 100 BTC (approximately $8.1 million) from its holding wallet. If the current selling pace continues, Bhutan is projected to fully liquidate its Bitcoin holdings by the end of September. Data shows that since the beginning of the year, Bhutan has cumulatively sold approximately $230.39 million worth of BTC and currently holds around $252 million in Bitcoin, with an average monthly sell-off of about $50 million. If all remaining Bitcoin is sold at current prices, Bhutan is expected to realize approximately $767 million in on-chain profits. At its peak, Bhutan held around 11,000 BTC.
Bhutan sells 100 BTC worth $8.1M, expected to liquidate holdings by end of September
TechFlowShare
Summary
Bhutan sold 100 BTC (approximately $8.1M) this week, reducing its BTC price exposure. If the current pace continues, the country could fully liquidate its holdings by late September. Year-to-date BTC sales total $230.39M, with $252M remaining. Monthly sales average $50M. At current BTC price levels, Bhutan could realize $767M in on-chain profits. Its BTC dominance has steadily declined since peaking at 11,000 BTC.
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